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Sunday, November 20, 2011

postheadericon Romney: Would not support supercommittee taxes, will strengthen Iowa campaign

Mitt Romney said Sunday at a campaign stop in New Hampshire that he would not support any deal struck by the supercommittee that included new taxes, even if it meant trading limited tax increases now for the assurance that the Bush tax cuts would become permanent.

"I believe the right answer is cutting taxes, so I will not endorse any plan that raises revenues, raises taxes," Romney said, according to Fox News.

Sen. Pat Toomey (R-Pa.) had proposed such a plan earlier this week, but his proposal - which would have raised around $300 billion by closing tax loopholes in exchange for nearly $700 billion in spending cuts - was denounced by many on the right, including anti-tax crusader Grover Norquist.

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